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the election. obama cowl make a gaffe. mitt would win the debates, go could send a flood to destroy all mankind. ( laughter ) so there's hope. >> schieffer: short of building an ark, what is romney's best chance. we'll ask new jersey governor chris christie, and one-time adversary, newt gingrich. so far romney is sticking to a familiar theme, but does he need to do more? >> i will lower the tax rate. he wants to creat to raise them. i'll create jobs and he'll kill them. also marsha blackburn, bob shrum, and larry sabato from the university of virginia center for politics. as we head into first presidential debate, we'll talk about the state of america at home and abroad with the distinguished panel. michelle rhee, former head of the washington, d.c. school system and founder of students first. economist mark zandi of moody analytics. bob woodward, author of "the price of politics" and hendrick smith, author of the new book "who stole the american dream?." it's all ahead on "face the nation." captioning sponsored by cbs from cbs news in washington, "face the nation" with bob schieffer. >> schief
of the american economy right now with just five weeks before we get to this election? the job numbers came out this week on tuesday. we had some very good economic news. housing numbers were up. consumer confidence was up. reports of companies hiring for the holidays seem to be up. but then later in the week, the gross domestic product is down. do you think that american amere confused when they turn on their televisions and one day everybody says oh, things are getting better. and then they're not. >> yeah, well, it's not a straight line. i think it's fair to say the economy is growing. it's been growing for more than three years. we've created 4.4 million jobs sense job growth resumed, five million private sector jobs. the stock market is up. as you know, it's almost back close to its record high and house prices are rising the first time in six years. the economy is moving forward. we are not near recession. we're growing. having said that, it's clear the economy is not growth fast enough. it's not enough to bring down unemployment. the unemployment rate is stuck at just over 8%. and that's
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